“Unite is calling on the Bank of England to come back to the negotiating table to discuss a fair pay deal for the employees in order to avoid any industrial action. Unite is prepared to talk and to reach a fair settlement.”

"Unite is pleased that the future of the bank appears protected as it continues to stand alone rather than being broken up and sold off in pieces. It is vital to the workforce that the Co-operative’s name, ethics and values will be safeguarded."

Unite is now consulting with its members about these major pensions changes. The union is calling on Capita to withdraw these unacceptable proposals and reassure its staff that their pensions are safe.